IOS Daily - July 24 - Triten buys 4.66 acre IOS in DFW

NEWS ROUNDUP

ACQUISITION: Triten buys 4.66 acre IOS in DFW metro area. Triten RE Partners has acquired 3359 Raider Drive in Hurst, Texas, in an off-market sale-leaseback deal. The property features an 18,965 SF of warehouse and office space. The Triten deal team was led by David Shipman. Chris Wong of Bradford Commercial RE Services assisted with the acquisition.

DISPOSITION: Citywide sells low-coverage site in Phoenix for $1.5M. Citywide Commercial RE has represented both the buyer and the seller in an off-market deal at 1802 South 1st Avenue in Phoenix, Arizona. The 1.08 acre site includes a 5,000 SF warehouse and 1,000 SF of office space. The sale price was $1.5 million, or $300 psf on the building or $1.38 million per acre! The Citywide deal team included Chad Kirkorsky, Nick DePaul, and Preston Brimhall.

DISPOSITION: Matthews sells 11.68 acre IOS in Milwaukee for $6.2M. Matthews RE Investment Services has brokered the sale of 2024 East Birchwood Avenue in Cudahy, Wisconsin. The property, which is tenanted by Central States Trucking, features a 12,000 SF facility. The property is adjacent to Milwaukee Mitchell Intl. Airport. The Matthews deal team was led by Alexander Harrold.

DISPOSITION: Legacy sells 4.43 acre industrial + IOS in Florida’s I-4 corridor. Legacy Capital Partners has sold 4434 South Maine Avenue in Lakeland, Florida. The property features early 47,000 SF of industrial space along with 2 acres of IOS yard. The Legacy deal team was led by Jack McCunn. SVN’s Augie Schmidt and David Hungerford assisted with the deal, while Jimmy Ullrich and Ryan Vaught of Colliers executed the sale.

READ: Miami-Dade Co. approves lease of $400M vertically integrated cargo facility at MIA.

LAND NEEDED!

→ An IOS group is looking for land that meets the following requirements:

Location: Nationwide, 5 minutes to main interstate or 30 minutes to downtown

Size: 4-8 acres, rectangular or efficient shape, approved for gravel (asphalt not required), no rivers, streams, wetlands, or encumbrances

Price: $100k to $250k per useable acre

FOR SALE/LEASE: Dundalk, MD - 2.27 acre warehouse + IOS

Address: 8100 Lynhurst Road, Dundalk, MD 21222

Features: Fenced outdoor storage, crane served, heavy power

Close To: I-295, I-95, I-895, I-695, I-97, and adjacent to BWI Airport

Building: 18,964 SF warehouse with 2,500 SF office and 2 oversized drive-ins

Zoning: ML (Light Manufacturing)

Info: LINK

FOR SALE: Jurupa Valley, CA – 15.23 acre IOS

*Touring July 24 and July 25. Offers due July 26.

Address: 5600 Market Street, Jurupa Valley, CA 92509

Features: NNN sale-leaseback structure, new construction, fully-fenced, paved, and lit

Close To: Hwy 60, I-215, I-10, Ontario Int’l Airport

Building: 25,910 SF building with 1,428 SF office, 8 roll-up doors, ESFR, three points of ingress/egress

Zoning: M-SC (Manufacturing-Service Commercial)

Info: EXEC SUMMARY & VIDEO

Brokers: Chase MacLeod (949-381-8400, [email protected]) and Ethan Flor (424-235-9211, [email protected])

FOR SALE: Bakersfield, CA - 1.22 acre IOS

Address: 400 28th Street, Bakersfield, CA 93301

Close To: Cross-Town Freeway and Meadows Field Airport

Zoning: M-1 (Light Manufacturing)

Asking Price: $875,000

Info: LINK

Broker: Pete Martinez, 661-699-3605

FOR LEASE: Spartanburg, SC – 9 acre ISF

Address: 10 Hudson Drive, Spartanburg, SC 29303

Features: 6.5 useable acres of paved/graveled, fenced, gated, lit yard, with truck repair facility

Close To:  I-85, I-26, and Greer Inland Port

Building: 12,000 SF truck repair, 6 drive-thru bays (60' depth) with oversized doors, 1,500 SF office, 1,500 SF showroom/parts room

Rental Rates: $22,500/month NNN

Info: LINK

FOR LEASE: Baltimore, MD - 3.14 acre warehouse + IOS

Address: 920 Brunswick Street, Baltimore, MD 21223

Features: Fenced, paved, and lit lot

Close To: I-95, Downtown Baltimore, and BWI Airport

Building: 17,651 SF warehouse with office, 14 oversized drive-in doors, and superior loading

Zoning: I-1 (Industrial)

Info: LINK

FOR LEASE: Elmhurst, IL - 3.77 acre warehouse + IOS

Address: 730 North York Road, Elmhurst, IL 60126

Features: Site completed, paved, and lit with retail frontage

Close To: I-290, I-294, Route 83, and Route 64

Buildings:

Building A - 26,888 SF with 4,749 SF office, 24'8" ceiling height, 3 DI doors

Building B - 36,083 SF with 24'8" ceiling height, 3 exterior dock doors, 3 DI doors

Building C - 2,390 SF with 230 SF office, 20' ceiling height, and 3 DI doors

Zoning: I (Industrial)

Rental Rates: STO

Info: LINK